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bell." >> it's 4:00 p.m. on wall street. i'm michelle caruso-cabrera in for maria bartiromo. the dow and s&p closing at another five-year high. google set to release earnings any time now. dow jones industrial average down by 58 points and the highs of the session, 13,70 and nasdaq higher by 8.5. 3,000143. a gain of a quarter percent and the s&p higher by a little more than six points. 1492. a great year to discover america. bill. >> it was. let's get ready for the earnings. google and ibm out any moment now. get the numbers and a panel of analysts ready to tell us what they think. paul and gary will be watching the numbers when they come out. cnbc contributor michael yosikami and joe greco of meridian equity partners joining us in just a moment. michael, let me start with you. you bullish? >> yes, i am bullish. i see no reason why the markets should not continue to go higher. interesting to see the numbers kemg out of google and ibm. an indication of the strength of the global economy. yes, obviously, the fed is juicing this real, but cash on balance sheets is at record highs. unemp
if the united states fails to fix its aging infrastructure. michelle caruso-cabrera has more on this cost to the economy. >> that's right. 3.5 million jobs will be lost if we don't invest more in the decrepit state of the country's infrastructure, according to a frightening new study from the american society of civil engineers. the company needs to spent $2.7 trillion on roads and bridges and electrical grid through 2020 but we're only likely to spend 1.6 trillion, that means more electrical failures, airport delays and products that can't get to and out of ports as quickly as it should and all that have lost productive has a high cost. 1.1 trillion lost in sales, 1.1 trillion in lost trade. 484 billion in lost exports and 3.5 million in lost jobs. the answer is not necessarily that congress needs to spend more money. i spoke with the former chairman of the federal energy regulatory commission. he says when it comes to the nation's electrical grid he says it's actually financed almost completely by private investment, not government investment, but the regulatory and permitting process m
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